In Its Second Attempt At Going Public, BATS Prices $253 Million IPO At $19/Share
Just over four years ago, on March 23, 2012, every HFT's favorite exchange (because it specifically affords them a look at incoming order flow as described by Michael Lewis in Flash Boys), BATS Global...
View ArticleFormer Fed Advisor Asks "Has The Fed Bankrupted The Nation"
Authored by Danielle DiMartino Booth, former adviser to Dallas Fed's Dick FisherVolcker, Greenspan, Bernanke and Yellen.Which one does not belong? Logic dictates that Volcker should have been odd man...
View ArticlePeter Schiff Slams Managers'"Denial... And Mindless Optimism"
Submitted by Peter Schiff via Euro Pacific Capital,The Winter of 2015-2016, which came to an end a few weeks ago, has been officially designated as the mildest in the U.S. in 121 years according to...
View ArticleIs Deutsche Bank’s Gold Manipulation The Main Scam Or Just A Side-Show?
Submitted by John Rubino via DollarCollapse.com,For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not...
View ArticleInstitutionalized Lying - Why Central Bankers Never See Bubbles
Submitted by David Stockman via Contra Corner blog,Every day there is more confirmation that the casino is an exceedingly dangerous place and that exposure to the stock, bond and related markets is to...
View ArticleStocks Soar As Corporations Are Defaulting On Their Debts Like It's 2008 All...
Submitted by Michael Snyder via The Economic Collapse blog,The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it was. If the Dow actually...
View ArticleUS Taxpayer Is Now A Major Counterparty To Wall Street Derivatives
Submitted by Pam Martens and Russ Martens via Wall Street On Parade,According to a study released by the Federal Reserve Bank of New York in March of last year, U.S. taxpayers have already injected...
View Article"The Damage Could Be Massive" - How Central Banks Trapped The World In Bonds
Yields on $7.8 trillion of government bonds have been driven below zero by worries over global growth, forcing investors looking for income to flood into debt with maturities of as long as 100 years....
View ArticleAs Fed Meeting Begins Futures Are Flat In Sleepy Session; Apple Earnings On Deck
With the Fed decision just one day away, followed the very next day by the increasingly more irrational BOJ, stocks had no desire to make significant moves and overnight's boring session was the...
View ArticleMega M&A Is Back: Abbott Buys St. Jude Medical For $25 Billion, 37% Premium
The great megadeal M&A drought of 2016 just came to an end when moments ago Abbott announced it would acquire St. Jude Medical for $25 billion, roughly a 37% premium to St. Jude's Wednesday closing...
View ArticleComex Gold Open Interest
Comex Gold Open InterestPosted with permission and written by Craig Hemke, TF Metals Report (CLICK HERE FOR ORIGINAL) In defending their long held short positions, the Comex Banks have now issued...
View ArticleHow Is This Not Criminal: Goldman Underwrites $2 Billion Tesla Stock Offering...
Call it criminal deja vu, all over again. Back in February 2014, just hours after Morgan Stanley shocked the market with an upgrade of Tesla which had a price target over 100% higher than the existing...
View ArticleThe BDC Consolidation Begins: Ares Buys American Capital For $3.4 Billion
Back during the last bubble, Business Development Corporation (BDC) pioneer American Capital was one of the hottest business models (and most desired companies to work for). However, when the bubble...
View ArticleStronger Dollar Sends Futures Higher, Oil Lower, Asian Stocks To Two Month Lows
Yesterday's weak dollar headfake has ended and overnight the USD rallied, while Asian stocks dropped to the lowest level in 7 weeks and crude oil fell as speculation returned that the Federal Reserve...
View ArticleQuantitative Easing And The Corruption Of Corporate America
Submitted by Danielle DiMartino Booth via DiMartinoBooth.com,The art of brevity was not lost on Abraham Lincoln. It is that brevity in all its glory that shines through in what endures as one of the...
View ArticleGoldman Sachs Is The Gift That Keeps On Giving... To The Clintons
By now we all know that Goldman Sachs is the gift that keeps on giving to the Clintons. Whether it's paying millions out for speeches, investing in family member's failing hedge fund ventures, or...
View ArticleWith Friends Like These, Who Needs Enemies?
Submitted by John Whitehead via The Rutherford Institute,As the grandfather of three young ones, ages 5 to 9, I get to see my fair share of kid movies: plenty of hijinks, lots of bathroom humor, and an...
View Article"I Don’t Want To Alarm Anyone But..." - David Rosenberg Flips Again, Thinks...
Back in 2013, when David Rosenberg infamously flip-flopped from bear to bull on the "thesis" that everyone's wages (not just his), are about to rise, and that a jump in wage inflation would be the...
View ArticleThe Case For A Super Glass-Steagall
Submited by David Stockman via Contra Corner blog,Donald Trump can instantly get to the left of Hillary with respect to Wall Street and the one percenters by embracing Super Glass-Steagall.The latter...
View ArticleGoldman Sachs Gets A Quarter Million Summer Job Applicants
Following recent stumbles within the global banking sector, not only on the litigation front where banks have paid over a quarter trillion in legal fees and settlements in the past several years, but...
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